So many pie in the sky so called crypto millionaires will be devastated when they realize they traded hard earnings for nothing in their hand.

I agree but I think a lot of seasoned crypto investors are intelligent enough to realise that they should diversify some of their 'winnings' and where better to go than gold - if you believe in crypto as an alternative to fiat then gold serves the same purpose. The crypto boom is good for gold.

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runaway-slave (50) · 7 years ago

Good point. I actually think crypto could boost gold and silver as long as enough average joes can get out before the big players like JP Morgan cause a crash.

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unclehermit (54) · 7 years ago

That's why I would always suggest crypto investors diversify small amounts of their gains at a time. 100% gain - 10% diversification. 200% gain, 20% diversification, all the way up to 30% - 50% of gains diversified. That way you get to play in the game for free as you will have extracted all of your original investment.

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unclehermit (54) · 7 years ago

I think in the next crash JP Morgan will only survive due to their physical silver holdings. Pretty much everything else will be toast.

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runaway-slave (50) · 7 years ago

Funny how JP Morgan is buying bitcoin for clients but say they would fire employees for owning it. https://news.bitcoin.com/after-the-boss-calls-bitcoin-a-fraud-jp-morgan-buys-the-dip/

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So many pie in the sky so called crypto millionaires will be devastated when they realize they traded hard earnings for nothing in their hand.steemCreated with Sketch.

So many pie in the sky so called crypto millionaires will be devastated when they realize they traded hard earnings for nothing in their hand.